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Allied Market Research

Aircraft Control Surface Market by Control Surface (Primary Aircraft Control Surfaces and Secondary Aircraft Control Surfaces), Product Type (Flaps, Ailerons, Elevators, Rudder, Slats, and Spoilers), Material Type (Aluminum, Composites & Alloys, and Others), Aircraft Type (Narrow Body, Wide Body, Very Large Body, and Regional Transport), and Application (Commercial, Business, and Military): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10433
Pages: NA
Jun 2021 | 105 Views
 
Author(s) : NA
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Charts: NA
 

COVID-19

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Aircraft Control Surface Market Outlook – 2027

Aircraft control surfaces are the aerodynamic devices which allow a pilot to adjust and control the flight altitude of the aircraft. Also, an effective flight control system enables a stable flight, thus the aviation industry must integrate advanced aircraft control surfaces in the models. Moreover, major market players in the aviation industry are increasing their expenditure on procuring advanced aircraft models, along with the acquisition of better control surface systems. The advancements in aircraft control surface technologies, along with the advent of dual-purpose flight control surfaces, coupled with standardization procedures fuel the growth of the global aircraft control surface market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

Control Surface, Product Type, Material Type, Aircraft Type, and Application

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Spirit AeroSystems, Unitech Aerospace, FACC, Sealand Aviation Ltd., Triumph Group, Harbin Hafei Airbus Composite Manufacturing Centre, Woodward Inc., BAE Systems, Strata Manufacturing PJSC, Boeing Aerostructures.

 

COVID-19 Scenario Analysis: 

  • Aircraft control surface production is going to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the Aircraft control surface companies due to the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The leading manufacturers of the global aircraft control surface market have been increasing their spending on innovative product development, which includes launching a new aircraft control system that is lightweight yet strong and easy to handle. In addition, the focus is on achieving fuel efficiency. The rise in demand for new aircraft can be attributed to the increase in number of domestic as well as international passengers, surge in air cargo transport, along with the emerging need to replace old aircraft fleet with the newer generation models. Although, the high price of advanced aircraft control systems is acting as a market restraint for the low budget air carriers in the global market, consistent stringency by government institutions and aviation agencies on the installation of proper safety and control systems is anticipated to drive the growth of the global aircraft control surface market during the forecast period. 

The global aircraft control surface market trends are as follows:

Multiple functions of the control surface to foster its application 

Aircraft control surfaces are considered of prime importance from multiple perspectives such as enhanced air safety, aircraft maneuvering, and superior features for improved functionality. Since and aircraft travels in multiple directions while climbing and descending to a high rate of changing altitudes, a better and advanced system of aircraft control surface becomes imperative to ensure safety as well as comfort.

Moreover, superior aircraft control surface systems ensure enhanced visibility, especially during low daylight, night, and poor visibility conditions. Furthermore, the control surfaces on an airplane’s wings and tails allow the pilot to control the orientation and altitude of the airplane while maneuvering. 

Growth in tourism to boost demand for aircraft control surface

Travel & tourism has been rapidly increasing due to globalization, including the growth of the aviation industry along with reduced time travel fueling the consumer attraction toward air travel. Also, the rise in disposable income and ease of flight booking along with enhanced travel experience encourages individuals towards air travel, which in turn is creating a significant demand for the global aircraft control surface market. 

Key Segments Covered:

Segments

Sub-segments

  Control Surface

  • Primary aircraft control surfaces
  • Secondary aircraft control surfaces

  Product Type

  • Flaps
  • Ailerons
  • Elevators
  • Rudder
  • Slats
  • Spoilers

  Material Type

  • Aluminum
  • Composites & Alloys
  • Others (Stainless steel, polymers)

  Aircraft Type

  • Narrow Body
  • Wide Body
  • Very Large Body
  • Regional Transport

  Application

  • Commercial
  • Business
  • Military

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global Aircraft control surface industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Aircraft control surface market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Aircraft control surface market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Aircraft control surface market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Aircraft control surface Market Research Report:

  • What are the leading market players active in the Aircraft control surface market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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